Auctionity makes record sale on its platform

A unique cryptocollectible was sold at auction on the Auctionity platform for more than 8 ETH. This sale took place on April 25 as part of a special event held during the Crypto Games Conference in Minsk.

The cryptocollectible, named Darta-Nyan, is the only musketeer Blockchain Cutie in existence and was created especially in honor of the latest collaboration between Auctionity and Blockchain Cuties Universe. The sale was animated on theAuctionity saleroom and broadcasted live at the Crypto Games Conference in Minsk. All the proceeds of this sale were given to the TeenGuru Project which helps teenagers from Belarus to acquire skills in the field of blockchain and new technology so they can become the new entrepreneurs of tomorrow. This sale is a concrete illustration of Auctionity’s potential and ended at 8.1 ETH, thus becoming a record sale on the platform.

Auctionity’s development is picking up speed. Recently, Auctionity collaborated with the Ethereum-based art platform KnownOrigin for the Creative Challenge, an event dedicated to digital art in the form of non-fungible tokens (NFTs). Through this challenge, eight artworks were selected and then auctioned on the Auctionity saleroom. The winner of the challenge, an artwork called Structure of Reality and created by Barabeke, was sold for 0,95 ETH.

Including this new category in the saleroom is a big step forward for Auctionity. This choice proves that art does have its place in the world of blockchain technology.

Following the success of Darta-Nyan’s sale during the Crypto Games Conference, Auctionity has decided to strengthen its partnership with KnownOrigin by holding a similar auction during the International Digital Art Festival, which will take place on the 26th of June. The auction will happen live from the festival in Manchester but will be accessible from anywhere in the world as it will be broadcasted on the Auctionity saleroom.

How to Use Cryptocurrency Sports Betting

The advent of cryptocurrencies revolutionized virtually every industry, including online gambling. Although the cryptos were initially volatile and a reserve for high-risk takers and speculators, they have stabilized and are now trusted for everyday business transactions. For instance, unofficial statistics reveal that about 60% of bitcoin transactions are related to betting. However, what are the advantages and disadvantages of crypto sports betting? How do you bet with crypto? How do you choose the right cryptocurrency bookmaker? Here is everything you need to know about it and the best crypto sport betting bookmakers

Advantages of Bitcoin and Cryptocurrency Sports Betting

The anonymity of the user during wallet transfers and account creation among some bookmakers which shelters one from government bans on betting in some countries and some taxes

Higher betting limits due to the instability of bitcoin and other cryptocurrencies

Fast and easy deposits and withdrawals because it is decentralized cash with no intermediaries

Lower fees that are almost negligible as compared to other deposit and withdrawal options

Makes it possible for a user to exchange their crypto that may be or will be banned in their country

Accessibility of the bookmakers globally by surpassing local gambling laws

Lotto Nation is Revolutionizing the Traditional Lottery Industry

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while. Many economists are wondering how the business landscape will look a year or more from now. It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn. But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt. Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer. One possible example of this is Lotto Nation. Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life. These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025. Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized. Because of…

Digital Money Defined and How it Works

The advancements in modern technology revolutionized the industry such that there emerged digital money. With digital money, international payments are made simpler. The exchange rates are also relatively inexpensive and you are guaranteed with secure payments.

But, What is Digital Money?

In a gist, digital money is an electronic form of payment. Unlike cash, it has no tangible form, and payments or exchanges transpire over computers. Cryptocurrencies such as Bitcoin, Ethereum, and Ripple, are examples of digital money. You can trade in Bitcoin, purchase Ethereum, or buy Ripplethrough several cryptocurrency exchange platforms. Most of these platforms are relatively easy to use and some even offer a direct link on your electronic wallet accounts.

How Does Digital Money Work?

Blockchain Network

Digital money is created, stored, and exchanged in its individual blockchain network. A blockchain is all about digital information stored in a public database. When a user requests for a transaction, the transaction is broadcast over a peer-to-peer (P2P) network that is composed of computers which are also referred to as nodes. The nodes are integrated with algorithms that can verify the validity of the transactions.

Once the transaction is verified, it is combined with other transactions, which eventually creates a new block of…